May 1, 2008
Ohio Judge Selects Buyer for Troubled Myers University
An Ohio judge has chosen a buyer for the troubled Myers University, in Cleveland, selecting an investor from Connecticut who had previously acquired the nonprofit Heald College, in California, and Salem International University, in West Virginia.
The investor, Bradley Palmer of the Palm Ventures Group, has told the court that his fund, operating as Myers Education LLC, would provide $2-million to Myers immediately, and eventually invest an additional $5-million. Some of the
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